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OWLT SHAREHOLDER ALERT: Jakubowitz Law Notifies Investors of an Investigation into the Fairness of Owlet's De-SPAC Merger
News provided byJakubowitz Law
May 26, 2023, 9:00 AM ET
NEW YORK, May 26, 2023 /PRNewswire/ -- Jakubowitz Law announces that a merger investigation has commenced on behalf of shareholders of Owlet, Inc. (f/k/a Sandbridge Acquisition Corp.) ("Owlet" or the "Company") (NYSE: OWLT) who purchased stock prior to July 14, 2021.
This investigation concerns the fairness of Owlet's 2021 de-SPAC merger. Shortly after the Owlet 2021 de-SPAC merger closed, Owlet stock began spiraling downwards.
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The Owlet de-SPAC merger investigation concerns whether the Board of Owlet has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
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